No country worldwide comes close to matching the United States in military expenditure. In 2014, US military spending reached $571 billion, a huge distance ahead of second place China, with $129.4 billion. However, when military budgets are viewed as a percentage of a nation’s GDP, things become very different indeed.
Saudi Arabia is spending more on its armed forces than ever before, boosting its military budget by 17 percent last year. The military now amounts to at least 10.4 percent of the kingdom’s GDP, according to an estimate from SIPRI. By contrast, Washington’s enormous military expenditure amounts to “only” 3.5 percent of the GDP.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at email@example.com.
You will find more statistics at Statista.